Insider Buying: Oportun Financial Co. (NASDAQ:OPRT) CEO Purchases 8,844 Shares of Stock

Oportun Financial Co. (NASDAQ:OPRT) CEO Raul Vazquez bought 8,844 shares of Oportun Financial stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $3.86 per share, with a total value of $34,137.84. Following the acquisition, the chief executive officer now owns 1,257,328 shares of the company’s stock, valued at $4,853,286.08. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Oportun Financial Stock Performance

OPRT opened at $3.76 on Tuesday. The company has a fifty day moving average of $2.89 and a two-hundred day moving average of $2.95. The stock has a market capitalization of $135.25 million, a price-to-earnings ratio of -1.14 and a beta of 1.10. Oportun Financial Co. has a fifty-two week low of $2.05 and a fifty-two week high of $4.60.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Singular Research raised Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oportun Financial currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Hedge Funds Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its holdings in Oportun Financial by 30.4% in the first quarter. Public Employees Retirement System of Ohio now owns 15,103 shares of the company’s stock valued at $37,000 after purchasing an additional 3,521 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Oportun Financial in the 3rd quarter valued at $52,000. Flaharty Asset Management LLC increased its holdings in Oportun Financial by 75.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after acquiring an additional 15,000 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock worth $196,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Oportun Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after acquiring an additional 5,628 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.